July 8 (Bloomberg) -- Brad Hintz, a Sanford C. Bernstein &
Co. analyst who covered investment banks including Goldman Sachs
Group Inc. for more than a decade, is leaving Wall Street to
become a professor at New York University.

Hintz, 64, said he will help teach a course on managing
financial institutions at the Stern School of Business. The
class’s other professors are former Goldman Sachs executive Roy
Smith and Philip Ryan, an ex-chief financial officer at Credit
Suisse Group AG, Hintz said in an e-mail.

“I have enjoyed my years in equity research and the
opportunity it has given me to offer public commentary on the
dynamics of Wall Street,” Hintz said. “I have been elated by
my successes and humbled by my market mistakes.”

Hintz, a former CFO of Lehman Brothers Holdings Inc. and
treasurer at Morgan Stanley, has been among the highest-rated
analysts covering Wall Street banks since he joined Bernstein in
2000. He predicted some of the effects new capital rules and
regulations would have on trading units at the biggest banks.

He issued ratings on Morgan Stanley and Goldman Sachs, and
was vocal about issues at a variety of firms, including JPMorgan
Chase & Co.’s trading losses and regulatory issues for BNP
Paribas SA and Barclays Plc.

Institutional Investor magazine repeatedly named him the
top analyst in his sector. In March 2013, Hintz recommended
investors buy shares of Charles Schwab Corp., which has since
jumped 66 percent.

Rating Mistake

Hintz had missteps as well. He maintained his outperform
rating on Morgan Stanley from mid-2007 through the financial
crisis, as the shares plunged. When that firm posted earnings
for the first quarter of 2009 that trailed estimates, he said he
was “humiliated.”

“My guys are holding the sword so I can run on it this
afternoon,” Hintz said in an interview the day the bank
announced its results.

Hintz changed his rating on Goldman Sachs last month for
the first time in five years. He reduced his rating to market
perform from outperform as Goldman Sachs trailed the broader
market.